Latest household credit and debt statistics for the USA
Delinquency rates improved for most loan types in 2013Q4. As of December 31, 7.1% of outstanding debt was in some stage of delinquency, compared with 7.4% in 2013Q3. About $820 billion of debt is delinquent, with$580 billion seriously delinquent (at least 90 days late or “severely derogatory”).
Delinquency transition rates for current mortgage accounts are near pre-crisis levels, with 1.48% of current mortgage balances transitioning into delinquency. The rate of transition from early (30-60 days) into serious (90 days or more) delinquency dropped, to 20.9%, while the cure rate–the share of balances that transitioned from 30-60 days delinquent to current–improved slightly ,rising to 26.9%.
Mortgage debt is $8.58 trillion which is about 8 times the student loan debt of $1.08 trillion.
Source: http://nextbigfuture.com/2014/04/latest-household-credit-and-debt.html
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